Frugal Holiday Shoppers and the Paradox of Thrift

Frugal Holiday Shoppers and the Paradox of Thrift

The holidays are a time when people usually loosen their purse strings. But not this year. As job losses mount and retirement savings shrink, people are buying less stuff. Understandable, but it's worrisome for the economy as a whole. KCFR's Megan Verlee looks at what consumer frugality means for the economy.